Yes - it's the new Boortmalt (Minch) pricing structure. They offer a price at three separate days (today's the first), and you can lock in up to 52.5% of your total contract on any or all of the three days. I've locked in 17.5% today, so I'll have to wait and see what the price does for the next few weeks now.

i actually though they took the price from matif at 3 random days over the past 12 months and came up with a price from that calc. they have to offer to buy the barley at any stage of the year i reckon. and also bob its the farmers choice of how much he does.